so the rate at which our debt is increasing is as if a new hurricane sandy hit the u.s. treasury every two weeks. given that, bill, what do you think of the president's new stripped down plan which would reduce the debt by less than 2 sandys in the first year. >> the president is not serious about reducing the debt. that was evident the last four years and will be evident the next four years. we do have this practical problem ten days from now of the fiscal cliff. i said republicans would be well advised to accept the fact that president obama won the election and minimize the damage that will be done by the tax increase that is coming. >> chris: you would go for the stripped down obama plan? >> i would go for what the speaker tried to do late last week and try to get the number up from $250,000. yes, there is going to be a tax increase on the wealthy. i would try to protect investments as much as possible. do the amt patch. have a reasonable deal on estate taxes. i'm a squish on this. got to make the best of a bad situation. i think what will happen incidentally is repu